Analysis of Ideas on the Morning of August 27
Yesterday, the overall trend of Bitcoin displayed a volatile pattern, with multiple downward tests failing to form effective breakthroughs. In the early morning, there was a rebound to around 112300, but it fell back again during the morning session.
From the four-hour level observation, Bitcoin is still in a downward channel, with the upper middle band of the Bollinger Bands continuously expanding downward. Although there were two consecutive large bullish candles pushing the price to the middle band, it failed to form a stable continuation trend. From the hourly level, the price is clearly constrained by the pressure of the upper band, and after a series of increasing bullish candles, the bullish momentum is gradually weakening. Overall, the sentiment for the day is leaning towards bearish, and it is still recommended to focus on short positions in subsequent operations.
Operational suggestion: Short if the price rebounds to around 111500-112000, with a target looking down at 110200-109600. If it breaks down, continue to look down ↓
